Economic Update – June’s weather boost

Recent grounds for economic optimism have, like the UK’s summer, been fleeting. While the latest figures on GDP growth were higher than expected and inflation fell to its lowest rate in over a year (6.8% in July), interest rates increased again to 5.25% in August, a fresh 15-year high.

This Insight looks at how the UK’s economy performed in the second quarter of 2023.


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